NEW YORK, April 19, 2007 (PRIME NEWSWIRE) -- The Rosen Law Firm (http://www.rosenlegal.com) announced today that a class action has been commenced in the United States District Court for the Northern District of Texas, Dallas Division, on behalf of purchasers of Viseon, Inc. ("Viseon") (OTCBB:VSNI) common stock during the period between November 3, 2004 and May 15, 2006 (the "Class Period").
To join the Viseon securities litigation as a plaintiff or for further information, please call Laurence Rosen, Esq. or Phillip Kim, Esq. toll-free at 866-767-3653 or email lrosen@rosenlegal.com or pkim@rosenlegal.com.
You can join the class action online at http://www.rosenlegal.com .
A class action lawsuit has already been filed on behalf of Viseon shareholders. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact plaintiff's counsel, Laurence Rosen, Esq. or Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at lrosen@rosenlegal.com or pkim@rosenlegal.com. No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. You may also remain an absent class member.
The complaint charges Viseon and certain of its officers and directors with violations of the Securities Exchange Act of 1934 by virtue of the Company's issuance of a series of materially false and misleading statements concerning the quality and stage of development of the Company's Viseon VisiFone. The complaint alleges that the Company misrepresented that the products worked and were marketable. When news that the products did were not marketable and not being sold to customers, the price of Viseon stock plummeted.
The Rosen Law Firm http://www.rosenlegal.com has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud. The Rosen Law Firm represents investors throughout the nation, concentrating its practice in securities class actions.